IT ENGINEERING
ActiveSummary
IT ENGINEERING has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181,230 and a net result of -€7,274. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 94% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-9
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 14.62 against 36.67 in 2024; short-term debt: 5.1% and cash: 61.5% of total assets), and 5.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
27 d early
2023
28 d late
2022
2 d late
2021
on the day
2020
31 d late
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€171,880
EBIT margin
35.6%
Net result
-€7,274
2024 · €7,073
Working capital
€133,109▼ 0.4%
2024 · €133,578
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€34,865€23,716€98,146▲ 314%€18,817▼ 80.8%€30,219▲ 60.6%
Net result-€39,215below the sector's middle half€9,000within the sector's middle half€80,768above the sector's middle half▲ 797%€7,073within the sector's middle half▼ 91.2%-€7,274below the sector's middle half
EBIT margin
Equity€85,463within the sector's middle half▼ 31.5%€100,663within the sector's middle half▲ 17.8%€181,431above the sector's middle half▲ 80.2%€188,504above the sector's middle half▲ 3.9%€181,230above the sector's middle half▼ 3.9%
Total assets€133,289within the sector's middle half▼ 39.4%€157,578within the sector's middle half▲ 18.2%€201,154within the sector's middle half▲ 27.7%€192,249within the sector's middle half▼ 4.4%€191,004within the sector's middle half▼ 0.6%
Debt€47,827▼ 49.7%€56,915▲ 19.0%€19,723▼ 65.3%€3,745▼ 81.0%€9,774▲ 161%
Working capital€78,292▼ 34.7%€95,558▲ 22.1%€113,072▲ 18.3%€133,578▲ 18.1%€133,109▼ 0.4%
Solvency64.1%within the sector's middle half▲ 7.4pp63.9%within the sector's middle half▼ 0.2pp90.2%above the sector's middle half▲ 26.3pp98.1%above the sector's middle half▲ 7.9pp94.9%above the sector's middle half▼ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191,004
Fixed assets
€48,121 ▼ 12.4%
Current assets
€142,884 ▲ 4.0%
Equity and liabilities €191,004
Equity
€181,230 ▼ 3.9%
Debt
€9,774 ▲ 161%
Debt's share of the balance-sheet total rises from 1.9% to 5.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45,891▲
2024 · €34,205
Cash flow
€8,398▼
2024 · €22,461
Current ratio
14.62▼
2024 · 36.67
Debt to equity
0.05▲
2024 · 0.02
ROE
-4.0%▼
2024 · 3.8%
ROA
-3.8%▼
2024 · 3.7%
Interest coverage
888.50▲
2024 · 393.16
Debt ≤ 1 year
€9,774▲
2024 · €3,745
Income taxes
€37,441▲
2024 · €11,658
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,915 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €37,301 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,081 | €2,065 | €1,937 | €15,388 | €15,672 | ▲ 1.8% |
| Other operating charges640/8 | €15,657 | €3,407 | €4,185 | €4,836 | €5,153 | ▲ 6.6% |
| Gross operating margin9900 | €20,174 | €29,188 | €104,268 | €39,041 | €51,044 | ▲ 30.7% |
| Operating profit (loss)9901 | -€34,865 | €23,716 | €98,146 | €18,817 | €30,219 | ▲ 60.6% |
| Financial income75/76B | €0 | €1 | - | €1 | €0 | ▼ 99.0% |
| Recurring financial income75 | €0 | €1 | - | €1 | €0 | ▼ 99.0% |
| Non-recurring financial income76B | €0 | €1 | - | - | - | - |
| Financial charges65/66B | €176 | €127 | €68 | €87 | €52 | ▼ 40.6% |
| Recurring financial charges65 | €176 | €127 | €68 | €87 | €52 | ▼ 40.6% |
| Non-recurring financial charges66B | €176 | €127 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€35,040 | €23,590 | €98,078 | €18,731 | €30,168 | ▲ 61.1% |
| Income taxes67/77 | €4,175 | €14,590 | €17,310 | €11,658 | €37,441 | ▲ 221% |
| Profit (loss) for the period9904 | -€39,215 | €9,000 | €80,768 | €7,073 | -€7,274 | ▼ 203% |
| Profit (loss) for the period to be appropriated9905 | -€39,215 | €9,000 | €80,768 | €7,073 | -€7,274 | ▼ 203% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,289 | €157,578 | €201,154 | €192,249 | €191,004 | ▼ 0.6% |
| Fixed assets21/28 | €7,170 | €5,105 | €68,359 | €54,926 | €48,121 | ▼ 12.4% |
| Tangible fixed assets22/27 | €6,564 | €4,499 | €67,753 | €54,320 | €47,259 | ▼ 13.0% |
| Plant, machinery and equipment23 | €3,484 | €2,475 | €2,389 | €1,790 | €2,442 | ▲ 36.4% |
| Furniture and vehicles24 | €3,080 | €2,024 | €65,364 | €52,529 | €44,817 | ▼ 14.7% |
| Financial fixed assets28 | €606 | €606 | €606 | €606 | €862 | ▲ 42.2% |
| Current assets29/58 | €126,119 | €152,473 | €132,795 | €137,323 | €142,884 | ▲ 4.0% |
| Amounts receivable within one year40/41 | €95,859 | €109,590 | €84,760 | €104,439 | €25,365 | ▼ 75.7% |
| Trade receivables40 | - | €10,891 | €11,894 | €25,467 | €22,846 | ▼ 10.3% |
| Other amounts receivable41 | €95,859 | €98,699 | €72,866 | €78,972 | €2,519 | ▼ 96.8% |
| Cash at bank and in hand54/58 | €30,260 | €42,883 | €47,776 | €32,884 | €117,519 | ▲ 257% |
| Deferred charges and accrued income490/1 | - | - | €259 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,289 | €157,578 | €201,154 | €192,249 | €191,004 | ▼ 0.6% |
| Equity10/15 | €85,463 | €100,663 | €181,431 | €188,504 | €181,230 | ▼ 3.9% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €12,400 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €6,200 | - | - | - | - | - |
| Reserves13 | €112,278 | €112,278 | €152,278 | €159,278 | €159,278 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €110,418 | €110,418 | €152,278 | €159,278 | €159,278 | = |
| Profit (loss) carried forward14 | -€39,215 | -€30,215 | €10,553 | €10,626 | €3,352 | ▼ 68.5% |
| Amounts payable17/49 | €47,827 | €56,915 | €19,723 | €3,745 | €9,774 | ▲ 161% |
| Amounts payable within one year42/48 | €47,827 | €56,915 | €19,723 | €3,745 | €9,774 | ▲ 161% |
| Trade debts44 | €3,055 | - | €843 | €1,363 | €216 | ▼ 84.1% |
| Suppliers440/4 | €3,055 | - | €843 | €1,363 | €216 | ▼ 84.1% |
| Taxes, remuneration and social security45 | - | €1,890 | €18,880 | €2,382 | €9,558 | ▲ 301% |
| Taxes450/3 | - | €1,890 | €18,880 | €2,382 | €9,558 | ▲ 301% |
| Other amounts payable47/48 | €44,772 | €55,025 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,215 | €9,000 | €80,768 | €7,073 | -€7,274 | ▼ 203% |
| + Depreciation and write-downs630 | €2,081 | €2,065 | €1,937 | €15,388 | €15,672 | ▲ 1.8% |
| Operating cash flow (approximation) | -€37,135 | €11,065 | €82,705 | €22,461 | €8,398 | ▼ 62.6% |
| Investment in fixed assets (approximation) | - | €0 | -€65,191 | -€1,955 | -€8,867 | ▼ 354% |
| Change in cash | - | €12,623 | €4,893 | -€14,892 | €84,635 | ▲ 668% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 36.67
Current ratio from 6.73 to 36.67; short-term debt falls from €19,723 to €3,745.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2018net €80,768 ▲797%
Operating result €98,146, net result €80,768, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.73
Current ratio from 2.68 to 6.73; short-term debt falls from €56,915 to €19,723.
31-12
Financial
Equity above €150,000Eq €181,431 ▲80.2%
2 profitable years in a row build equity to €181,431.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
31-12
Financial
Back to profitnet €9,000
Net result €9,000 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €100,663 ▲17.8%
Equity rises from €85,463 to €100,663.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€39,215
Net result drops to -€39,215, the lowest in the series; recovery starts the following year.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Equity above €100,000Eq €119,982 ▲81.3%
2 profitable years in a row build equity to €119,982.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis-Waas · 1 establishment unit since 2015
Ground area
280 m²
Building footprint
123 m²
Volume, LiDAR
196 m³
Parcel 46020A1420/00C000, Flanders · tallest building 6.5 m. Linked by address, not a title deed.
1 establishment unit
IT ENGINEERING
since 20152.240.713.460
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020A1420/00C000 | Flanders | 280 m² | 1 · 123 m² | 6.5 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
YGREX Consulting
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NvdH Consult
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BICOME
BE 0886.774.988
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Rure IT Consulting
BE 0804.406.746
Hemiksem · Eq €181,131
WBIT
BE 0474.730.767
Hoegaarden · Eq €181,122
Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
Phone
0483.407.202Sint-Gillis-Waas
E-invoicing
Reachable via Peppol
Peppol ID
0208:0606997096
Also
9925:BE0606997096
Registered
30-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.